# 114-hr-5335: Facilitating Farmers' Access to Resources and Machinery Act

114-hr-5335, Facilitating Farmers' Access to Resources and Machinery Act, is a 114th Congress bill sponsored by Rep. Young, David [R-IA-3] (R-IA); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5335
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-5335
- Congress: 114
- Title: Facilitating Farmers' Access to Resources and Machinery Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-05-25
- Sponsor: Rep. Young, David [R-IA-3] (R-IA)
- Cosponsors: 8
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Facilitating Farmers' Access to Resources and Machinery Act This bill amends the Internal Revenue Code, with respect to private activity bond financing for first-time farmers, to: (1) increase from $450,000 to $520,000 (adjusted annually for inflation) the amount of bond proceeds that may be used by a first-time farmer to acquire land for farming purposes, (2) repeal the separate dollar limitation on the use of bond proceeds for used farm equipment, and (3) modify the definition of "substantial farmland" to determine farm size by reference to the average (instead of median) size of a farm in the county in which the farm is located.

## Cosponsors (8)

- Rep. Loebsack, David [D-IA-2] (D-IA), 2016-05-25T00:00:00.000Z
- Rep. Noem, Kristi L. [R-SD-At Large] (R-SD), 2016-05-25T00:00:00.000Z
- Rep. King, Steve [R-IA-4] (R-IA), 2016-05-25T00:00:00.000Z
- COLLIN PETERSON (D-MN), 2016-05-25T00:00:00.000Z
- Rep. Emmer, Tom [R-MN-6] (R-MN), 2016-05-25T00:00:00.000Z
- Rep. Blum, Rod [R-IA-1] (R-IA), 2016-05-25T00:00:00.000Z
- Rep. LaHood, Darin [R-IL-16] (R-IL), 2016-05-25T00:00:00.000Z
- Rep. Smith, Adrian [R-NE-3] (R-NE), 2016-05-25T00:00:00.000Z

## Related bills

- 114-hr-5210: PADME Act
- 114-hr-2992: Merchant Marine of World War II Congressional Gold Medal Act
- 114-hr-2737: Filipino Veterans of World War II Congressional Gold Medal Act of 2015
- 114-hr-24: Federal Reserve Transparency Act of 2015
- 114-hr-160: Protect Medical Innovation Act of 2015
- 114-hr-5240: Biodiesel Tax Incentive Reform and Extension Act of 2016

## Sources
- [114-hr-5335 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5335)

## Related
- [114-hr-5210: PADME Act](https://policyrisk.com/legislation/114-hr-5210)
- [114-hr-2992: Merchant Marine of World War II Congressional Gold Medal Act](https://policyrisk.com/legislation/114-hr-2992)
- [114-hr-2737: Filipino Veterans of World War II Congressional Gold Medal Act of 2015](https://policyrisk.com/legislation/114-hr-2737)
- [114-hr-24: Federal Reserve Transparency Act of 2015](https://policyrisk.com/legislation/114-hr-24)
- [114-hr-160: Protect Medical Innovation Act of 2015](https://policyrisk.com/legislation/114-hr-160)
- [114-hr-5240: Biodiesel Tax Incentive Reform and Extension Act of 2016](https://policyrisk.com/legislation/114-hr-5240)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5335 (as of 2025-11-18).